Theodore Permadi Rachmat Bio: Wife, Age, Children, Parents, Net Worth, Books, Forbes

Biography

Theodore Permadi Rachmat, commonly known as Teddy Rachmat, was born as Oei Giok Eng on December 5, 1943. He is a prominent Indonesian entrepreneur who has made significant contributions to the country’s business landscape.

Rachmat began his career in 1968 at Astra International, a company founded by his uncle William Soeryadjaya. He quickly rose through the ranks to become the Chief Executive Officer and played a pivotal role in expanding Astra’s operations across various sectors.

In 1998, Rachmat took a major entrepreneurial step by founding the Triputra Group, a diversified business conglomerate involved in industries such as rubber processing, coal, manufacturing, and logistics. Under his leadership, Triputra Group has grown into one of Indonesia’s largest privately-held enterprises.

Rachmat also made a notable impact in the coal industry through his involvement with PT Adaro Energy, one of the world’s largest coal mining companies. As Vice President Commissioner, he has been instrumental in Adaro’s growth and success, further broadening his business portfolio.

His achievements have earned him numerous accolades, including the Bintang Jasa Utama medal from President Joko Widodo in 2019, recognizing his substantial contributions to Indonesia’s economy. Forbes has also listed him among Indonesia’s wealthiest individuals, reflecting his business success.

Teddy Rachmat is married and has three children, one of whom, Christian Aryono Rachmat, is significant in Adaro Energy.

Indonesian businessperson

Theodore Permadi Rachmat
Wiki Facts & About Data
Real Name:	Oei Giok Eng
Stage Name:	Theodore Permadi Rachmat, T.P. Rachmat, Teddy Rachmat
Born:	15 December 1943 (age 80 years old)
Place of Birth:	Kadipaten, Indonesia
Nationality:	Indonesian
Education:	Institut Teknologi Bandung (1968), Saint Aloysius Elementary School, Sukarsari
Height:	1.67 m
Parents:	Raphael Adi Rachmat, Agustine Soeryadjaya
Siblings:	N/A
Spouse:	Like Rani Imanto
Girlfriend • Partner:	N/A
Children:	Ayu Patricia Rachmat, Arif Patrick Rachmat, Christian Ariano Rachmat
Occupation:	Businessman
Net Worth:	$232 million (USD)

Early Life & Education

Theodore Permadi Rachmat, also known as T.P. Rachmat or Teddy Rachmat, was born on December 5, 1943, in Kadipaten, Majalengka, during the Japanese occupation of Indonesia. His birth name was Oei Giok Eng, reflecting his Chinese Indonesian heritage. He grew up as part of the Peranakan Chinese community, which was historically significant in Indonesian commerce.

Rachmat comes from a family deeply rooted in business; his parents, Raphael Adi Rachmat and Agustine Soeryadjaya, were connected to the influential business world through his uncle, William Soeryadjaya (Tjia Kian Liong), the founder of Astra International. Growing up as an only child, Rachmat formed strong ties with his extended family, which shaped his business journey.

He began his education at Saint Aloysius Elementary School in Sukarsari and later attended Institut Teknologi Bandung (ITB) in 1968. There, he likely studied engineering, business, or management, which prepared him for a successful career in the corporate world.

Though specific details about his religious beliefs are not widely known, his cultural background could suggest influences from Chinese traditions such as Confucianism, Taoism, or Buddhism. He may also follow Christianity or Islam, both common among Chinese Indonesians.

Rachmat started his career at Astra International in 1968 as a salesman, leveraging his education from ITB. His rapid rise through the company’s ranks and later founding of the Triputra Group reflect his sharp business instincts and leadership, honed through both his formal education and practical experience within his family’s influential business network.

Career

Theodore Permadi Rachmat, widely known as T.P. Rachmat or Teddy Rachmat, began his remarkable career in 1968 at Astra International, a conglomerate founded by his uncle William Soeryadjaya. After earning a mechanical engineering degree from Institut Teknologi Bandung, Rachmat started as a salesman, but his business acumen and dedication quickly propelled him through the ranks. By 1972, he was appointed to manage United Tractors, Astra’s heavy equipment subsidiary, showcasing his leadership skills in handling major business operations early on.

Rachmat‘s career at Astra continued to rise, and in 1984, he became the company’s President Director, a position he held until his retirement in 2005. Under his leadership, Astra significantly expanded its operations, including establishing PT Astra Honda Motor for motorcycle assembly in Indonesia and spearheading the distribution of Daihatsu and Toyota vehicles, both of which played a major role in the company’s growth.

In 1998, during the Asian financial crisis, Rachmat diversified his business interests by founding the Triputra Group. The conglomerate has since grown into multiple agribusiness, manufacturing, and mining sectors. Notable ventures include Kirana Megatara, a global leader in rubber processing, and Adaro Energy, one of Indonesia’s leading coal mining companies, where Rachmat serves as Vice President Commissioner.

Rachmat’s transition from a salesman to a billionaire entrepreneur is marked by strategic decisions, including the profitable sale of Adira Finance and reinvestments into ventures like Adaro Energy and various companies under the Triputra Group. His approach to business often revolves around close-knit networks, with family members and long-time associates holding key positions within his enterprises.

Rachmat‘s contributions to Indonesia’s economy have earned him recognition, including being listed among Forbes’s wealthiest individuals, with a net worth in the billions. In 2019, President Joko Widodo awarded him the Bintang Jasa Utama medal, further cementing his impact on Indonesia’s economic development.

Social Media

• Instagram: Teddy MC Rachmat (@tedrachmat)

Personal Life

Theodore Permadi Rachmat, commonly known as Teddy Rachmat, was married to Like Rani Imanto. Together, they have three children: Ayu Patricia Rachmat, Arif Patrick Rachmat, and Christian Aryano Rachmat.

Ayu Patricia Rachmat, born on July 2, 1976, has established her own career in the business world, continuing the family’s legacy. She is married to Patrick Sugito Walujo, though they do not have children.

Arif Patrick Rachmat has taken on crucial roles within the family business, serving as the CEO of Triputra Agro Perada, one of Indonesia’s largest palm oil producers. Meanwhile, Christian Aryano Rachmat holds a prominent position at Adaro Energy as Vice President Director and Deputy CEO, highlighting the family’s strong presence in the mining sector.

While specific height measurements are not widely available, some social media mentions suggest that Theodore Rachmat may stand around 5’6″ based on public appearances and comparisons.

Theodore Permadi Rachmat‘s marriage to Like Rani Imanto and the upbringing of their children within one of Indonesia’s most influential business families emphasize the continuity of their business acumen and legacy across generations.

Net Worth

Theodore Permadi Rachmat, widely recognized as Teddy Rachmat, has built significant wealth through his entrepreneurial activities and leadership in Indonesia’s business landscape, notably with Triputra Group and Adaro Energy.

His estimated net worth is approximately $232 million, largely attributed to his substantial holdings in various companies, particularly in the coal mining industry with Adaro Energy, where he serves as Vice President Commissioner.

This wealth reflects his business expertise, cultivated over decades, beginning with his early career at Astra International, founded by his uncle William Soeryadjaya, and culminating in establishing Triputra Group in 1998, which now spans agribusiness, manufacturing, and mining.